Crude Oil in 4H time Frame.

5 sept 2022

Hi Everyone,

Please see updated 4H chart, Oil already hit the support around 86 ready to test the key point at 90, if break there is likely 2 possible upside moment.

as we can see the oil will make range until the fed release their new hike Interest rates.
we also need see the next coming geopolitical movement from Russia , China and USA.
The oil embargo will also have an impact on price movements.

first possible range(4h - 1D):
80 - 110 USD
second possible range (4h - 1D):
75 - 103 USD


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Please using good money management.
dont take any emotional trade.

Note:
Dont risk more than 0.2% on trending market
Dont risk more than 1% on ranging market

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